IPOA Chairperson welcomes Housing Commission Recommendations to Abolish Rent Pressure Zones

IPOA Chairperson welcomes Housing Commission Recommendations to Abolish Rent Pressure Zones

29th May 2024 IPOA asserts that RPZs only serve to exacerbate an already dysfunctional property rental market The Irish Property Owners Association (IPOA) welcomes the recommendations outlined in the Housing Commission’s recent report advocating for the abolition of Rent Pressure Zones (RPZs) in Ireland. The report, which critically examines the current state of Ireland’s housing market, suggests replacing the RPZ system with a more effective regulatory framework. The RPZ system, which has now been in place for eight years, restricts rent increases to inflation or a maximum of 2 per cent, whichever is lower. Among the key recommendations in the
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Categories: Uncategorized.
IPOA Chairperson welcomes Housing Commission Recommendations to Abolish Rent Pressure Zones

IPOA Chairperson welcomes Housing Commission Recommendations to Abolish Rent Pressure Zones

29th May 2024 IPOA asserts that RPZs only serve to exacerbate an already dysfunctional property rental market The Irish Property Owners Association (IPOA) welcomes the recommendations outlined in the Housing Commission’s recent report advocating for the abolition of Rent Pressure Zones (RPZs) in Ireland. The report, which critically examines the current state of Ireland’s housing market, suggests replacing the RPZ system with a more effective regulatory framework. The RPZ system, which has now been in place for eight years, restricts rent increases to inflation or a maximum of 2 per cent, whichever is lower. Among the key recommendations in the
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Categories: News.
Rebuild cost for insurance for my rental property?

Rebuild cost for insurance for my rental property?

May 2024 Question: How do I calculate the rebuild cost for insurance for my rental property? Response: Firstly, let me say that it is not the purchase price, market value, the mortgage value or indeed how much it would cost you yourself to rebuild the property in the event of a claim. It is the reinstatement cost (i.e. the cost of rebuilding the property from the ground up in the event of a total loss) that the claims loss assessor will adjudge to be the correct insurable value, which can differ greatly to what you would expect or what you
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Categories: Landlord Query of the Week and Uncategorized.
Report of the Housing Commission for the Private Rental Sector

Report of the Housing Commission for the Private Rental Sector

May 2024 Below please find the main recommendations of the Report of the Housing Commission for the Private Rental Sector. #31. Balance the rights and responsibilities of both tenants and landlords through a programme of legislative and regulatory reforms to make the private rental sector more attractive to both parties. #32. Deliver cost-rental housing at scale and transition to cost-rental as the main form of supply for both affordable and social rented accommodation to: address the challenges in maintaining the supply of rental housing; assist in addressing affordability challenges in the private rented sector; enable social housing providers to accommodate
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Categories: News.
Unoccupied in between lettings – Insurance Cover?

Unoccupied in between lettings – Insurance Cover?

May 2024 Question My rental property is currently unoccupied in between lettings whilst I do some maintenance work. Is it still protected with landlord insurance?   Response   The answer to this question is very much dependant on the insurer and product that you have in place currently. Our IPOA Scheme provides Property Owners All Risks Insurance cover.  This scheme was established in conjunction with the IPOA, for its members.   The Property Owners Liability section of our Scheme policy extends to cover casual repair & maintenance persons who do ad hoc works at your property throughout the year e.g.
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Categories: Landlord Query of the Week and Uncategorized.
Is Landlord Insurance required by Law?

Is Landlord Insurance required by Law?

May 2024   Question Is Landlord Insurance required by Law?   Response   The only compulsory insurance required by law in Ireland is motor insurance to drive your vehicle on the roads.   However the Residential Tenancies Act of 2004 states that you must have property damage and public liability cover in place for every unit that you provide as rental accommodation to private tenants.   In addition, you may also be required to insure your property if you are taking out a mortgage. The bank/financier may insist that their interest be noted on the policy and may have specific
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Categories: Landlord Query of the Week and Uncategorized.
Landlord Query Of The Week: Window Restrictors

Landlord Query Of The Week: Window Restrictors

May 2024 Question:  I am letting a detached two-storey property to two adults, there are no children in the property. Do I need to have window restrictors on the upstairs windows? Response: All windows that have an opening section through which a person may fall and the bottom of the opening section is more than 1400mm above external ground level, suitable safety restrictors must be fitted as per the manufacturer’s instructions and be in good working order. Note: Safety restrictors should operate so that they limit the initial movement of an opening section to not more that 100mm. Lockable restrictors,
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Categories: Landlord Query of the Week.